T. Boone Pickens and Natural Gas
There recently was a TED Talk by T Boone Pickens on natural gas. I've never heard of Pickens before, but in appearance he's a gruff, aged Texan. He speaks with the authority that comes with age, experience and money. He's a convincing speaker.
He's a patriotic American, and detests the USA's dependence on OPEC oil. This motivates his investments in non-oil energy. He gave a persuasive talk that said, in essence, that natural gas is the bridge fuel to the future energy, and added that natural gas might very well be the bridge fuel to natural gas. I do find some serious contradictions in his talk. He says he doesn't believe the Saudis estimate of its oil reserves, which he claims is too high, but he says that he thinks that the natural gas estimates of the US Geological Survey is too low, reckoning that the higher industry figures are better because 'the industry knows what it's talking about.' The same forces that make the Saudis over-estimate their reserves makes the US gas industry over-estimate their reserves. Ironically, it might be exactly this over-estimation of gas reserves that caused the price to drop and him to lose money on his investment in wind power. Mr Pickens states the obvious fact that there is no more cheap oil, but then he seems to assume that there will be cheap gas for the foreseeable future. It's quite obvious to me that natural gas pumping, too, must peak. He has no qualms about fracking. He says it's an old procedure, and it's never done any harm. He's right in thinking that fracking has been around for some time, but I don't think he understands the scale of drilling that is required for fracking to produce the masses of gas that will be needed in future. This drilling _will_ be disruptive, and accidents in the process _will_ cause environmental damage. Only a total naive can believe that current governments can enforce regulations that will prevent such damage. While claiming to believe in global warming, he seems to totally fail to understand that we cannot burn all our fossil fuel reserves and have a sustainable future. Natural gas is a bridge fuel. The problem is that it started being in bridge fuel in the 1990s, and that there never has been a gap to bridge: there has been no reduction in emission of greenhouse gases or in consumption of oil. Where mr. Pickens totally fails to leave a legacy is when he says the future of energy is for us to figure out, and then point out a path to sure destruction.